源聚合

Asheesh Birla, the CEO of the largest XRP treasury company, Evernorth, has explained what his company is focused on, even as they continue to accumulate more XRP. Birla also explained what makes XRP stand out from other crypto assets in the market. 

What The XRP Treasury Company Evernorth Does 

During an interview on Paul Barron’s Podcast, Birla explained how his company’s approach differs from that of other digital asset treasury companies. He noted that the XRP treasury company helps grow the XRP ecosystem by offering both technical and financial support. The Evernorth CEO highlighted his background in creating products, which enables him and his company to innovate in the DeFi landscape. 

Furthermore, in addition to building products in the XRP ecosystem, the CEO of the XRP treasury company also mentioned that they deploy capital to earn yields through DeFi protocols on the network. As such, he believes that his company stands out from other digital asset treasury companies, since most other DATs focus solely on providing investors with exposure to crypto assets. 

Meanwhile, the CEO of the XRP treasury company stated that, in the long run, Wall Street will reward those who build in the ecosystem and provide yields to investors at the same time. It is worth mentioning that Evernorth just partnered with Doppler to advance institutional liquidity and treasury use cases on the XRP Ledger. Both firms are also exploring structured frameworks for deploying XRP at scale. 

Evernorth is backed by Ripple, which contributed some of its XRP holdings to kickstart the company’s treasury. Birla also praised Ripple, while noting how the company’s acquisitions last year will help push XRP’s institutional adoption. He also highlighted the uniqueness of the XRP Ledger (XRPL), stating that it is well-positioned to meet the DeFi needs of institutional investors. 

Future Plans For Evernorth

Evernorth’s CEO stated that his XRP treasury company plans to build more partnerships, even as it seeks to extend its business model beyond generating yields from DeFi protocols. He hinted that they are already looking to partner with some XRP stakeholders in Japan and South Korea. His company is also working closely with XRP Ledger developers. 

Birla noted that these developers are currently working on institutional lending on the XRP Ledger, and he believes his company could help by deploying capital and generating yields. Based on their roadmap, the Evernorth CEO is confident his company will remain the leading XRP treasury for the foreseeable future. Meanwhile, he predicted that companies with the expertise to build in these crypto ecosystems will be the ones that will stand the test of time, even as he expects some DATs to fail. 

At the time of writing, the XRP price is trading at around $2.08, down in the last 24 hours, according to data from CoinMarketCap.

Crypto.com has launched a fresh rewards campaign inside Airdrop Arena, giving users a new opportunity to earn Solana incentives through simple CRO allocation. The event offers a total pool of US$250,000 in SOL tokens, running from 1 January 2026, 10:00 UTC to 31 January 2026, 09:59 UTC, with boosted point multipliers designed to reward early and active participants.

At the center of the campaign is a points-based system that distributes SOL rewards based on user activity over the event period. To kick things off strongly, Crypto.com is giving the first 10,000 users who allocate CRO an exclusive points boost of up to 120%, which can significantly improve reward outcomes compared to later participants.

Beyond early access rewards, the campaign includes a second incentive layer. Users who purchase at least 1,500 CRO and transfer it into Airdrop Arena may qualify for a daily points boost of up to 120%, as long as the purchase task is completed before allocating CRO.

How to Join the Airdrop Arena Event

Participation is handled entirely inside the Crypto.com app and requires no trading. Users can access Airdrop Arena via the Account tab, the Earn tab, or the Supermenu. Once inside, they simply allocate CRO to begin accumulating points throughout the event period.

The system is structured to stay low-effort. After allocation, points are earned automatically during the campaign, and the SOL reward pool is divided based on each user’s accumulated points total once the event ends.

Reward Distribution and Lockup Conditions

After the campaign finishes, Crypto.com will distribute token rewards within 7 days. Users who activate Loot Locker will receive SOL after the lockup period ends, while others will receive rewards directly into their Crypto Wallet based on standard distribution rules.

Allocated CRO comes with a 6-month lockup period. Once completed, users can withdraw their CRO, or leave it allocated to continue participating in future Airdrop Arena events automatically. This creates a longer-term participation loop, where CRO holders can stay eligible for ongoing platform campaigns without needing to re-enter each time.

Why SOL Rewards Matter in This Campaign

Solana has remained one of the most active ecosystems in crypto, with strong attention from developers and investors due to its speed-focused infrastructure and expanding on-chain activity. By using SOL as the reward asset, Crypto.com increases the campaign’s appeal, since users are earning exposure to a top market token rather than a niche incentive asset.

Pairing CRO allocation with SOL rewards also gives the event a dual-ecosystem angle, connecting Crypto.com’s native token base to broader market demand around Solana.

Airdrop Arena Signals a Push Toward Low-Activity Rewards

This campaign fits into a wider trend across exchanges: rewarding longer-term participation instead of encouraging constant trading. Airdrop Arena focuses on consistency and allocation rather than volume, making it especially attractive for users who prefer passive-style reward structures.

For CRO holders, the event offers a structured way to earn SOL without selling assets or taking on additional trading complexity. For Crypto.com, it strengthens ecosystem engagement and helps build retention through lockups and recurring event mechanics.

Visit Airdrop Arena Allocate now and start building points faster.

Управление по финансовым услугам Дубая (DFSA), главный финансовый регулятор эмирата, запретил использовать в юрисдикции Международного финансового центра Дубая приватные токены. Причиной названы риски отмывания денег, финансовых преступлений и соблюдения режима международных санкций.

Memecoins were hammered last year, and the fallout was huge. According to CoinGecko research, about 11.6 million tokens stopped trading or became inactive in 2025. That number dwarfs previous years and has left investors and market watchers sorting through losses and broken projects.

Memecoin Failures Spike After Major Sell-Off

Based on reports from CoinGecko, roughly 7.7 million token failures happened in the fourth quarter of 2025. That quarter accounted for most of the total, driven by a sharp market move on October 10, 2025, when reports show more than $19 billion in crypto liquidations occurred in a single day.

Small tokens with little liquidity were hit the hardest. Many of those lists of dead tokens were dominated by memecoins and low-effort projects that rarely had active development or real trading depth.

A Flood Of New Tokens Met Weak Demand

Launch tools made it easy to create tokens, and that contributed to the problem. Reports note that platforms which simplified token creation led to a surge in new, cheaply issued coins. When market conditions turned, many of those coins had no buyers left.

In contrast, mainstream tokens with deeper pools of trading and clearer use cases were more likely to survive the shock. CoinGecko compared the scale: around 1.3 million tokens failed in all of 2024, showing how dramatic last year’s collapse was.

What This Means For Traders And Exchanges

Trading activity fell for countless small tokens. Volume dried up fast for poorly backed projects, and price swings became more extreme. Some exchanges and data sites had to update lists and delist tokens that no longer met minimum activity rules. The memecoin sector’s share of speculative trading fell sharply as risk appetite faded and traders moved into assets with more liquidity.

Regulatory And Market Watchers React

Calls for better oversight of token listings grew louder. Some market analysts said exchanges should tighten listing standards and that clearer labels for experimental tokens could help retail buyers avoid traps. Others warned that stricter rules might slow innovation. For now, updates from research platforms are being used to map which tokens vanished and why they failed.

Market Sentiment Remains Fragile

Investors are picking through the wreckage, looking for lessons. A number of small projects were abandoned by teams, and a long list of inactive tokens now serves as a warning to traders chasing hype. Based on CoinGecko’s data, the scale of failures in 2025 is unparalleled in recent years, and it signals that, without buyers and liquidity, newly minted coins can disappear quickly.

Featured image from Phantom, chart from TradingView

В Республике Бурятия полиция задержала пятерых местных жителей, подозреваемых в незаконной добыче криптовалюты. Их ферма была поставлена на колеса — так, по мнению майнеров, ее сложнее отследить.

Управляющий партнер венчурной компании Dragonfly Хасиб Куреши (Haseeb Qureshi) заявил, что одним из главных трендов в криптоиндустрии в наступившем году станут криптокарты на базе стейблкоинов.

Управление финансовых услуг Индонезии (OJK) опубликовало список из 29 криптовалютных платформ, имеющих лицензию на работу в стране. В списке преобладают местные криптокомпании, а крупные мировые биржи для торговли цифровыми активами в него не попали.

Настроения инвесторов и трейдеров вокруг второй по капитализации криптовалюты сейчас напоминают те, за которыми в прошлые периоды следовало ралли монеты, заявил эксперт платформы Santiment Брайан Куинливан (Brian Quinlivan).

Децентрализованные стейблкоины сталкиваются с тремя основными проблемами, одна из которых — курс доллара, считает сооснователь Эфириума Виталик Бутерин. По его словам, чтобы обеспечить долгосрочную устойчивость стабильных криптовалют, их нужно доработать.

Thursday, 8 January 2026 – As 2026 kicks off at full throttle, it’s impossible to overlook the strong “risk-on” signals lighting up markets worldwide. Just look at the Caracas Stock Exchange: Venezuelan equities have gone parabolic, posting a 44x surge since 2024, driven by recent political turmoil and a full-scale market re-rating.

Investors are now chasing high-beta opportunities, but while legacy markets need years to pull off a 44x move, crypto can do it in moments. For those searching for pure, high-octane upside, Maxi Doge (MAXI) is the one project to watch.

Maxi Doge can be viewed as Dogecoin (DOGE) multiplied by 1,000. It represents the most aggressive, most jacked evolution of the original meme coin to date – quite literally. This Shiba Inu isn’t just lifting weights; it’s aiming for a near-vertical move on the charts.

And this isn’t a launch fueled by hype alone. The project runs on the combined conviction of seasoned players who dominate this space. It’s a direct call to every hardcore bro who lives by the code and understands that stocks are simply stonks waiting for ignition.

Time is limited, however. In the next 15 hours, the current MAXI price of $0.0002765 will disappear. The upcoming funding phase sets a higher buy-in, so anyone looking to secure a position before the increase needs to act now.

Venezuelan Stocks Rally, While Meme Coins Show Big Gains Can Come Quicker

Venezuela’s main equity benchmark, the Caracas Stock Exchange, has climbed 172.3% since the start of the year, with momentum accelerating after Venezuelan President Nicolás Maduro was captured by U.S. forces.

Gains in Venezuelan equities have been building since 2024, with some stocks rising as much as 44x. Put into perspective, a $1,000 investment in the index two years ago would now be worth $44,000.

As markets move back into a clear “risk-on” phase, sentiment has shifted sharply. The Fear and Greed Index jumped from extreme fear in December to a neutral reading, signaling that investors are once again actively seeking opportunities across markets to boost returns.

Although a 44x move in equities is uncommon, the crypto market has delivered similar results far more frequently. Consider the original meme coin, Dogecoin (DOGE): from its early January 2021 price to its peak four to five months later, DOGE surged 73.76x, a move achieved 81.5% faster than the recent run of the Caracas Stock Exchange.

DOGE is only one case. Other leading meme coins, including Pepe (PEPE), have also recorded explosive rallies. There are even historical reports of a trader turning $27 into $52 million, representing a 192,592,811.85% return, or a 1,925,926x gain.

Despite their potential for outsized returns, these tokens share common characteristics: strong meme appeal and highly engaged communities that drive momentum. Still, it’s important to note that expecting a repeat of past performance may not be realistic. Many of today’s top meme coins now carry multi-billion-dollar valuations. While upside remains possible, the scale of earlier gains is unlikely to be repeated.

This is where the real opportunity in meme coin hunting emerges. There are still undervalued projects, or tokens that are not yet broadly available to investors, which display similar traits to established names.

One such example is Maxi Doge, currently in presale. Its core DNA closely mirrors that of Dogecoin, but with a key difference: it brings 1,000x more attitude and a far louder, more aggressive presence than the original.

The Evolution of the Beast

Maxi Doge contains all the fundamental ingredients needed for a meme coin with breakout potential. It is upfront about its role as an unrestrained market disruptor, intentionally distancing itself from the rigid, traditional assets typically preferred by conventional investors.

In many respects, it mirrors Dogecoin in its early days, when the original pup openly mocked Bitcoin by poking fun at the very principles its most devoted supporters held dear. Maxi Doge, however, isn’t directing its humor at Bitcoin or even its own predecessor.

Instead, it represents a high-energy extension of the foundation Dogecoin created, redesigned to fit today’s fast-moving, ultra-aggressive crypto environment.

HERE'S MAXI! pic.twitter.com/jowah6kyVk

— MaxiDoge (@MaxiDoge_) December 20, 2025

Think of this built-up pup as the released form of a Dogecoin that stayed dormant for too long. While the original remains iconic, MAXI is the product of endless late nights—investors fueled by Red Bulls and gym sessions until they brought to life an asset capable of pumping with the same intensity DOGE once delivered.

Operating on that shared, rapid-fire mindset, they’ve produced a new version of the OG that loudly signals 1,000x potential to anyone paying attention.

The market response is already evident. While meme coins are driven by memetics, they endure through community strength, and Maxi Doge has quickly assembled a sizable reserve, with investors contributing more than $4.4 million to its presale so far.

The project is fully committed to broad exposure. This phase is only the beginning; with 65% of the total marketing budget allocated to amplifying its presence, it’s only a matter of time before every bro in the crypto space hears the message.

How to Buy MAXI

As Venezuelan oil stocks rally following the recent change in regime, meme coins such as MAXI highlight just how quickly the crypto market can deliver results that take traditional equities years to achieve.

If Venezuelan assets represent the high-beta opportunity within TradFi, then a heavily rebuilt, muscle-packed version of DOGE stands as the nuclear-level alternative for crypto investors.

To take part, join the presale by visiting the official presale page. MAXI can be purchased using ETH, BNB, USDT, or USDC, and buyers also have the option to pay with a bank card.

For storage, Maxi Doge recommends Best Wallet, widely regarded as one of the top crypto wallets available. It’s free to download on both Google Play and the Apple App Store.

Newly acquired MAXI tokens are eligible for a dynamic 70% APY.

Security is also covered. The Maxi Doge smart contract has been fully audited by Coinsult and SOLIDProof, confirming the absence of security issues.

To keep up with announcements and discussions, follow the community on X and Telegram, or visit the Maxi Doge Token website.

Социальный фонд России, отвечающий за управление системой государственных пенсий, сообщил, что в 2025 году вопросы граждан о том, можно ли получать пенсию в криптовалюте, стали одними из самых частых.

Подразделение финансовой разведки Индии (FIU) ужесточит правила регистрации пользователей и прохождение процедуры идентификации клиентов (KYC) на криптоплатформах с целью соблюдения правил борьбы с отмыванием денег (AML).

Финансовая служба Южной Кореи (FSC) собирается разрешить компаниям инвестировать в криптовалюту. Запрет действовал девять лет, с 2017 года — его ввели в качестве меры по борьбе с отмыванием денег.

Популярность криптовалют, связанных с искусственным интеллектом (ИИ), в среде инвесторов растет. Одним из таких проектов в январе 2026 года стал Virtuals Protocol (VIRTUAL).

Charles Hoskinson used a January 9, 2026 video update to outline an aggressive 2026 push that aims to turn Cardano’s DeFi stack into a cross-ecosystem product, explicitly targeting Bitcoin and XRP DeFi integrations alongside Midnight, new bridges, expanded oracle coverage, stablecoin work, and a faster cadence of ecosystem delivery.

2026 Is a Defining Year For Cardano

Broadcasting from Colorado, Hoskinson framed the year as an execution cycle, with Cardano’s “Pentad” integrations effort positioned as the on-ramp for liquidity, users, and what he described as “commercially critical” infrastructure. He said contract signings slowed during the holidays, but insisted the deals were still in motion and would feed into near-term announcements around “bridges and more oracles and stablecoins and analytics,” as well as “more listings.”

The core thesis of Hoskinson’s update was that Cardano can’t win a marginal arms race against other smart contract platforms, and instead needs differentiated features and distribution through interoperability. In his telling, the Pentad structure is meant to ensure Cardano “is no longer an island,” enabling liquidity and users to “flow freely,” and setting up what he called the “next stage after pentad phase one.”

That next stage, Hoskinson said, should focus on upgrading Cardano’s most important applications to reach beyond the chain’s current boundaries. “I’m going to propose that we take the top 15 dabs top 20 dapps we got to figure out a list on Cardano and get them sons of ***** upgraded to Bitcoin DeFi, XRP DeFi and Midnight and also get them tier one listings, get them aboard, get them incubated, accelerated so we can 10x their TVL, their users and their transaction volume,” he said.

He framed this as both an internal ecosystem support plan and a growth strategy built around bringing Cardano-native apps to where large pools of capital and users already sit.

Hoskinson repeatedly returned to privacy, positioning it as the “new experiences” Cardano can ship rather than competing on incremental improvements. He argued that Cardano DeFi won’t be competitive “by being slightly better, slightly faster, slightly cheaper than Ethereum or Solana,” and said copycat strategies fail.

“You beat those guys by doing something that no one’s ever seen before,” he said, before laying out the product concept in unusually direct terms. “And when you add privacy and get private stablecoins, that’s going to be sexy. Show private prediction markets, private DEXes, you’re bringing something new to the conversation. You’re bringing something new to the table, something that people haven’t seen before.”

In Hoskinson’s framing, the pitch is not just privacy on Cardano, but portability of those capabilities across ecosystems once the bridge and stablecoin plumbing is in place, naming Solana, Ethereum, Bitcoin, XRP, BNB, and Avalanche as targets for that distribution.

Happy New Year https://t.co/P3GXCCQdzV

— Charles Hoskinson (@IOHK_Charles) January 10, 2026

2025 Frustration, 2026 Cadence

Hoskinson also used the update to vent about industry expectations and what he called unmet promises from US policy narratives in 2025, arguing the sector needs to refocus on adoption and delivery rather than waiting for validation. He described 2026 as “our year,” and pointed to a schedule of near-term public-facing moments: workshops, a Japan tour, and Consensus Hong Kong where he said Cardano will show “some amazing announcements and special surprises.”

He also previewed a more regimented output rhythm. “And then, the rest of the year, every two months, a bag of goodies comes. That’s the cadence,” Hoskinson said, characterizing it as a “death march” of shipping.

At press time, ADA traded at $0.3953.

According to official releases and news reports, India’s Financial Intelligence Unit (FIU) rolled out tougher Know-Your-Customer (KYC) and anti-money-laundering checks that crypto platforms must use when bringing new users on board.

Based on reports, the rules add live biometric checks, location data capture, and bank-account verification steps designed to cut down on anonymous accounts and suspicious flows.

Live Selfie And Geo-Tagging Required

Reports have disclosed that new sign-up flows must include a live selfie verified by liveness detection — such as eye blink or head movement checks — so a static or doctored photo can’t be used.

Platforms must also record latitude and longitude, the device IP address and a timestamp at the moment a user registers. Those pieces of data will be kept as part of the KYC record, according to coverage by major outlets.

A Penny-Drop To Confirm Bank Ownership

Exchanges are required to carry out a so-called penny-drop — a nominal ₹1 transfer — to confirm the customer actually controls the linked bank account. Users must supply PAN plus a secondary government ID such as Aadhaar, passport or voter ID, and verify phone and email addresses with OTPs. These steps are intended to tighten the link between identity and on-chain activity.

Enhanced Ongoing Checks And Reporting Duties

Exchanges must refresh KYC every year for ordinary users and every six months for clients flagged as higher risk. Reporting duties have been stepped up: platforms will register as reporting entities with the FIU under the Prevention Of Money Laundering Act (PMLA) and file suspicious transaction reports when triggers are hit. Based on industry commentary, that will raise compliance costs and slow down onboarding for new retail customers.

Market And User Impact

Industry participants told reporters that the new steps are likely to increase the time it takes a user to open an account and will push up operational costs for platforms that must integrate biometric and geolocation systems. While regulators say the measures aim to block illicit finance, some retail investors may find the process harder to complete, which could affect volumes in the near term.

According to sources, the FIU expects exchanges to implement these checks promptly and to keep records for audit. Failure to comply could invite action under PMLA rules. Observers say the move aligns India with stricter global KYC norms and signals that regulators plan active oversight as crypto use grows.

Featured image from Unsplash, chart from TradingView

Bitcoin’s mining difficulty slipped to a little over 146 trillion in the network’s first difficulty recalibration of 2026, offering a small but measurable easing for miners. According to multiple reports, the adjustment completed in early January reduced the metric from levels seen at the end of 2025.

First Adjustment Offers Brief Relief

Average block times across the network were running near 9.88 minutes at the time of the change — a touch faster than Bitcoin’s target of 10 minutes — which helped produce the slight downshift in difficulty. That gap means the protocol briefly eased the hurdle miners face, because blocks were being produced a little quicker than expected.

Reports have noted that, even with this dip, difficulty remains high compared with earlier years and miner margins are under pressure following the 2024 halving and heavy hardware investment in 2025. Some miners reported thinner returns as hash price softened and energy and equipment costs stayed elevated. The drop to 146.4T gives a short window of relief, not a turnaround.

Next Adjustment Expected On January 22

Based on CoinWarz estimates and other trackers, the next difficulty recalculation is projected for January 22, 2026, with a likely uptick toward 148 trillion as average block times slow back toward the 10-minute target. If that pattern holds, the pause in difficulty will be temporary and competition among miners may ramp up again.

Why The Number Matters

Difficulty is the protocol’s built-in way of keeping block production steady: it changes every two weeks (2016 blocks) to match the total computing power securing the chain. When more hash power joins, difficulty rises; when it drops or blocks come too fast, difficulty ease. These adjustments affect how quickly miners find blocks and how much work they must perform to earn rewards.

Miners will be watching hash rate trends, power costs, and Bitcoin’s price because those factors determine profitability in the days after an adjustment. Markets, meanwhile, often take such technical tweaks in stride, but sustained moves in difficulty or hash power can signal broader shifts in miner behavior that may influence supply dynamics over time.

According to the latest coverage, January’s first adjustment cut difficulty to roughly 146.4T and came as block times averaged 9.88 minutes. Estimates point to a likely rise around January 22 to roughly 148.20T if conditions change as expected. Observers say the change offers temporary breathing room for miners but does not erase the financial pressures many faced through 2025.

Featured image from Unsplash, chart from TradingView

The price of Bitcoin is infamous for its inactivity during the weekends, and it has not disappointed in the past day. The premier cryptocurrency continues to hover around the psychological $90,000 mark, with no significant movement observed over the past 24 hours.

While the Bitcoin price action — or lack thereof — has lulled most investors to sleep, a particular market participant has just woken from their slumber. According to the latest on-chain data, a Satoshi-era miner just moved a significant amount of Bitcoin over the weekend.

Satoshi-Era Miner Moves 2,000 BTC On Saturday

In a post on the social media platform X, CryptoQuant’s head of research, Julio Moreno, revealed that a Bitcoin miner from the Satoshi era moved 2,000 coins on Saturday, January 10. This would represent the first time such movement would be occurring from this group of network participants since November 2024.

The Satoshi-era miners refer to entities that mined BTC during its earlier years, typically between 2009 and 2011, when the flagship cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, was still active. At the time, mining BTC was a less competitive sport (could be done with a consumer CPU), with greater rewards.

Moreno noted that, historically, the Satoshi-era miners have only ever moved their coins at key inflection points. In November 2024, when the last miner from this group made a transaction, the price of Bitcoin was around $91,000.

The premier cryptocurrency has since gone on to set multiple all-time highs before reaching the current cycle peak of $126,080. While it is difficult to say what the Satoshi-era miner saw before its latest move, the pattern-like nature of these coin movements makes them too relevant to ignore.

Why Bitcoin Investors Should Watch Out For $84,500 

As earlier inferred, indecisiveness seems to be returning to the Bitcoin market, as the bulls and bears continue their battle around the $90,000 level. While this region has gained relevance in recent weeks, recent on-chain data has identified another crucial level beneath it.

According to Alphractal’s CEO and founder, Joao Wedson, this level is the 2-year moving average (2Y MA) of Bitcoin. The on-chain expert highlighted that this level represents the last major support cushion for the market leader.

From a historical perspective, the loss of the 2Y MA, which is currently around $84,500, could increase the probability of capitulation significantly. In essence, the premier cryptocurrency faces the risk of extended downward movement once it crosses below $84,500.

As of this writing, the price of BTC stands at around $90,435, reflecting no change in the past 24 hours.

Tennessee’s sports betting regulator has ordered Polymarket, Kalshi, and Crypto.com to cease offering sports betting contracts, bringing focus to the regulatory landscape of event contract exchanges. The agency accused the three major prediction market platforms of violating state gambling laws by operating in Tennessee without the required licenses.

Polymarket, Others Threatened With Fines For Offering Sports Event Contracts

On Friday, January 9, the Tennessee Sports Wagering Council (SWC) issued cease-and-desist letters to Polymarket, Kalshi, and Crypto.com’s Derivatives Exchange. In the letters, the state regulator asked all three prediction market firms to stop offering sports event contracts to the residents of Tennessee.

The state’s SWC also demanded that the three firms void all pending contracts entered into by Tennessee residents, and refund all customer deposits by January 31, 2026.

SWC Executive Director, Mary Beth Thomas, wrote in the letter to Polymarket:

The sports events contracts offered on Polymarket’s exchange are not compliant with these [Tennessee state consumer] protections (and many others) and are an immediate and significant threat to the public interest of Tennessee.

The language in the Tennessee Sports Wagering Council letters to Kalshi and Crypto.com was quite similar to Polymarket’s cease-and-desist letter. This comes despite all three platforms being registered as designated contract markets with the Commodity Futures Trading Commission (CFTC), allowing them to offer event-based derivatives contracts nationwide.

Despite this CFTC designation, these prediction market firms have had regulatory run-ins with different states in the US. In December 2025, the state of Connecticut sent a trio of cease-and-desist orders to Robinhood, Kalshi, and Crypto.com. The firms based their defense at the time on receiving the CFTC’s approval to operate in the United States.

This Tennessee cease-and-desist order seems to be the first state-level regulatory issue faced by Polymarket, which currently only offers sports event contracts in the United States. In the letters, the Tennessee Sports Wagering Council threatened a range of penalties for any of the firms’ failure to comply.

One of the letters further read:

Failure to comply with the SWC’s demand will result in the imposition of fines pursuant to the Act, which states that the SWC shall impose a fine against any person offering wagers in Tennessee without a license in the amount of $10,000 for the first offense; $15,000 for a second offense; and $25,000 for a third or subsequent offense. ‘ Moreover, failure to comply with the SWC’s demand will result in the SWC seeking injunctive relief.

Prediction Markets Facing Increased Regulatory Scrutiny

The prediction markets, which gained prominence during the 2024 US elections, have continued to enjoy interest from users and institutional investors. However, the regulatory scrutiny faced by the industry has seen a similar surge lately.

For instance, a Polymarket trader reportedly netted record gains of over $400,000 from predicting the recent US military action in Venezuela, prompting talks of introducing a bill to prevent insider trading. As Bitcoinist reported, Rep. Ritchie Torres (D-N.Y.) plans to introduce a bill that would ban all government-affiliated individuals from participating in state-related events in the prediction market.

Генеральный директор Galaxy Digital Майк Новограц (Mike Novogratz) заявил, что стратегия «трежери‑компаний», создающих резервы биткоина и эфира, достигла критической точки. По его словам, подобные организации стоят перед выбором: трансформироваться или постепенно разориться.